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Francesca and Michael Carefully Completed the Articles of Incorporation for a Corporation

question 43

Essay

Francesca and Michael carefully completed the articles of incorporation for a corporation they want to incorporate under the Canada Business Corporations Act.They chose a name, FranMic Corporation, and obtained a name search report.They submitted the report along with the necessary fee and were issued a certificate of incorporation certifying that FranMic Corporation was incorporated on November 12, 2012.They are very pleased that all this paper work is finished and they can start business.Is there anything else they should do or issues they should address as a matter of corporate law?


Definitions:

Empiricism

The view that knowledge should be based on experience and observation, on empirical as opposed to theoretical knowledge.

Positivism

A philosophical theory that asserts that genuine knowledge is based on natural phenomena and their properties and relations as verified by empirical sciences.

Rationalism

A philosophy that emphasizes reason and knowledge acquisition through deductive reasoning and logical analysis, rather than empirical evidence.

Factual Analysis

Examination of data to discover verifiable facts and establish their validity.

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